Author Question: Which of the following accounts would be classified as current assets on the balance sheet? a. ... (Read 61 times)

dmcintosh · **on:** Jul 6, 2018

Which of the following accounts would be classified as current assets on the balance sheet?

a. Accounts receivable, inventory, cash equivalents.
b. Marketable securities, accounts payable, property, plant and equipment.
c. Prepaid expenses, goodwill, long-term investments.
d. Property, plant and equipment, inventory, goodwill.

Question 2

How to run the Post-Closing Trial Balance report:
a. Click on Reports, then select Company & Financial, then choose Post-Closing Trial Balance.
b. Click on Reports, then select Accountant & Taxes, then choose Post-Closing Trial Balance.
c. This is a customized report. Click on Reports, then select Accountant & Taxes, then choose Trial Balance. Then modify the header report to display Post-Closing Trial Balance.
d. None of the above.